Property Details

PetSmart

Lynchburg, VA
Property ID: 14492

Financial Summary

Asking Price $3,900,000
Cap Rate 7.00%
Net Operating Income (NOI) $274,234
Lease Type NNN
Lease Term Remaining 11 Years
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Contact

David Maling
Principal
213.618.3825
Christopher E. Maling
Principal - Retail Capital Markets
213.618.3824

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Highlights

  • PetSmart “deemed essential business” during Covid-19
  • Wards Crossing is the most dominant shopping center in Lynchburg
  • Surrounded by national credit retailers: Target, Dick’s Sporting Goods, Bed Bath & Beyond, Best Buy, and Barnes & Noble
  • Close proximity to Liberty University and other colleges
  • 10.5 years remaining on lease plus options
  • Absolute NNN lease with zero landlord expense

Location

4026-B Ward Road
Lynchburg, VA

Amanda WillisPetSmart